Value of imports of goods
The country’s balance of trade is Rs.500 crores. The value of exports of goods is Rs. 650 crores. What is the value of imports of goods?
Expert
Balance of trade = Value of exports – Value of imports
500 = 650 - value of imports
Value of imports = 650 - 500 = Rs. 150 crores.
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How can we analyze the number of event that influences the market?
The market system's answer to the fundamental question "How will the system promote progress?" is essentially:
‘Must a country which is less proficient at generating all goods use import controls to decrease imports from additional countries?’
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